SimCorp grows revenue by 10% in the first nine months of 2017 and adds three new clients in Q3
In the first three quarters of 2017, SimCorp generated revenue of EUR 229.2m, an increase of 10.4% (10.9% measured in local currencies) compared with restated* figures for the first nine months last year. EBIT for the nine months was EUR 43.0m compared with EUR 43.3m in restated 2016 figures, a decrease of 0.5%. Currency fluctuations impacted EBIT positively by EUR 0.8m. EBIT margin was 18.8% (18.3% measured in local currencies) compared with 20.8% in the first nine months of 2016 (restated). The revenue mix for the first nine months of the year has been skewed towards Professional